CLSA to enter Pakistan’s brokerage & investment sector with investment in Alfalah Securities
In January, CLSA expressed keenness to enter the country’s banking sector, as it saw significant investment opportunities in Pakistan
Oil stable as U.S.-China trade row weighs, Iran sanctions cut supply outlook
International Brent crude oil futures were at $75.75 per barrel at 0122 GMT, down 7 cents from their last close
Emerging market fund managers hunt for bargains after Turkey contagion
The selloff in emerging markets gathered momentum after U.S. President Donald Trump in March signed a memorandum targeting up to $60 billion in Chinese goods with tariffs, triggering fears of a global trade war
Proctor & Gamble applies to trademark acronyms ‘LOL’ and ‘WTF’
In news that has confused as well as amused many, Proctor & Gamble (P&G), the global household name that sells products in...
Pension fund industry’s assets cross Rs26 billion: SECP
Over 65 percent of the assets of the pension fund industry are invested in Shariah-compliant funds
Much detail, little progress in U.S.-China talks, sources say
During the talks, Chinese negotiators repeatedly invoked what they said was Beijing’s compliance with WTO rules, an argument that did not impress the U.S. side
Turkish lira firms against dollar as U.S. standoff drags on
The lira firmed to 6.0550 against the U.S. currency from a close of 6.0950, having weakened 1 percent on Thursday after Turkish President Tayyip Erdogan's spokesman accused the United States of waging "economic war"
Floods hit gold festival buying in India
Gold demand usually sees a jump in Kerala during the festival of Onam, but this year, the southern state is reeling from some of the worst floods in a century, leaving thousands displaced and causing damage of at least 200 billion rupees ($2.85 billion)
Oil rises as China demand resumes, signs that Iran supply curbed
U.S. crude rose more than 4 percent on the week, after seven consecutive declines, and Brent rose 5.3 percent after three weeks of falling prices
Market Daily: PSX gains 163 points, closes in green post-Eid
LAHORE: As the Pakistan Stock Exchange (PSX) opened for a single session after the Eid holidays, trading remained dull. Investors preferred to...
PTI’s economic team to be largely Karachi-centric
The appointments of heads of key financial institutions are also expected to be from Karachi, the economic hub of the country.
Shelved Aramco IPO hits at heart of Saudi prince’s reforms
The initial public offering (IPO) of 5 percent of state-owned oil giant Saudi Aramco was a centrepiece of the crown prince’s plan to diversify the kingdom’s economy beyond oil by raising $100 billion for investment in other sectors
Advance tax on economy international air tickets to be exempted: FBR
Furthermore, the airlines issuing the air ticket can subtract the advance tax on the purchase of international air ticket at Rs16,000 per individual for first/executive class and Rs12,000 per person for others leaving aside economy class
China to keep hitting back at U.S. over trade, to boost government spending – finance minister
The trade conflict further escalated on Thursday as the United States and China heaped more tariffs on each other’s goods. Since early July, the world’s two largest economies have slapped each other with tariffs on a combined $100 billion of goods
FBR amasses record withholding tax of Rs3.84 billion on school fee in FY18
According to FBR officials, the rise in revenue collection was made possible by an increase in tuition fees by educational institutions in FY18